4:24 PM - The market had a good week too! Sensex gained 1.75% and touced a high of 10,945 in the last five trading sessions. Nifty added 3.5% and touched a high of 3240. Midcaps and smallcaps also saw some buying interest this week; CNX Midcap index gained 6% and BSE Smallcap index, 3.5%. Sector-wise, the interests were mixed. BSE Bankex gained 10% and BSE FMCG index, 9%. But BSE IT index lost 7% and BSE Metal index, 3.5%.
4:16 PM - It was a good day for the market today. Sensex ended at 9,964, up 230 points from the previous close. Nifty shut shop at 2973, up 80 points. BSE Midcap index gained 1.1% and BSE Smallcap index, 0.5%. Power, oil & gas, metal and infrastructure stocks attracted significant buying today. Top Sensex gainers include Reliance Infrastructure, Hindalco, Reliance Communications, TCS and NTPC, while losers are Mahindra & Mahindra, ICICI Bank, Maruti, among others.
4:09 PM - If Reliance Communications holds Rs 212, then it can re-test Rs 260 again, says Hitendra Vasudeo, technical analyst, on CNBC Awaaz. The stock is at Rs 230.90 on the BSE.
4:03 PM - There's some more steam left in Nalco, says E Mathew, technical analyst, on CNBC-TV18. It has another Rs 25 upside here, he adds. The stock is at Rs 168.95 on the BSE.
3:56 PM - Ranbaxy can give an upside of just Rs 15 or so from the current levels, says E Mathew, technical analyst, on CNBC-TV18. So do not buy it now, he suggests. Look at buying the stock close to Rs 180-175, he adds. It is currently trading at Rs 218.20 on the BSE.
3:50 PM - The upside seems to be capped in Hindalco, says E Mathew, technical analyst, on CNBC-Tv18. It will face strong resistance at Rs 84-90, he adds. The stock is at Rs 61.45 on the BSE.
3:44 PM - In a rally, DLF can go up to Rs 324-330 maximum, says E Mathew, technical analyst, on CNBC-TV18. The stock is at Rs 285.90 on the BSE.
3:37 PM - The market had a fairly good day today, as key indexes tried to move above important levels. Sensex ended the at at 10,050, up 316 points (provisional) from the previous close. Nifty shut shop at 3002, up 109 points (provisional).
3:34 PM - The Nifty didn't fall below the important level of 2810 means there's still some steam left in the short term rally, says E Mathew, technical analyst, on CNBC-TV18. On the upside, it will face some resistance at 3090, but once this is crossed, it can go up even to 3300-3400, he adds.
3:27 PM - For now Lanco Infratech has good support at Rs 155, but a good entry level here would be Rs 130, says Sanjeev Agarwal, technical analyst, on CNBC Awaaz. On the upside, it will face resistance at Rs 200, but once it moves above this, expect Rs 250-260 here, he adds. The stock is currently trading at Rs 169.40, up 7.8% on the BSE.
3:21 PM - There has been basket buying across the region, including India in early trade today, say dealers, reports CNBC-TV18. Flows have been mixed at the FII desk and volumes are thin, they say. Domestic funds are not active buyers. The outlook is still negative, they add.
3:14 PM - Look at buying HCC at Rs 48-45 for a target of Rs 65, says Neera Jain, technical analyst, on CNBC Awaaz. Keep a stoploss of Rs 42, she suggests. The stock is currently trading at Rs 55.60, up 2.8% on the BSE.
3:07 PM - For the next 4-6 months, the Sensex will trade in the range of 9,000-12,500, says Harendra Kumar of Centrum Broking, on CNBC Awaaz.
3:00 PM - Buy Canara Bank at Rs 180-175 for a target of Rs 215, says Neera Jain, technical analyst, on CNBC Awaaz. Keep a stoploss of Rs 160, she suggests. The stock is currently trading at Rs 192, up 5.9% on the BSE.
2:52 PM - Patni Computer looks weak on charts and has the last support at Rs 130, below whch it will see fresh weakness creping in it, says Sanjeev Agarwal, technical analyst, on CNBC Awaaz. But in a pullback, it can move up to Rs 175-200, where it will face significant resistance, he adds. The stock is currently trading at Rs 140, up 7.2% on the BSE.
2:45 PM - A good exit level in case of Tata Tele would be Rs 20, says Sanjeev Agarwal, technical analyst, on CNBC Awaaz. It is currently trading at Rs 16.23, up 16.9% on the BSE.
2:38 PM - Sell ICICI Bank, says a stock market analyst, on CNBC Awaaz. It has a target of Rs 372; keep a stoploss of Rs 439, he suggests. The stock is currently trading at Rs 438, up 0.9% on the BSE.
2:32 PM - Buy Suzlon Energy at Rs 58-55 for a target of Rs 75, says Neera Jain, technical analyst, on CNBC Awaaz. Keep a stoploss of Rs 45, she suggests. The stock is currently trading at Rs 69.35, up 15.4% on the BSE.
2:25 PM - Buy Great Offshore at Rs 300-290 for a target of Rs 400, says Neera Jain, technical analyst, on CNBC Awaaz. Keep a stoploss of Rs 260 here, she suggests. The stock is currently trading at Rs 334, up 4.2% on the BSE.
2:18 PM - Look at buying in the market when the Nifty is at 2750-2800 and sell when it is at 3050-3100, says Rajesh Jain of SMC Global, on Zee Business.
2:11 PM - The market is seeing good recovery; Sensex is just above 10,000 at 10,003, up 269 points from the previous close. Nifty is also inching towards 3000 at 2989 currently, up 96 points. Oil & gas, metal, power, IT and infrastructure stocks are witnessing siginificant buying interest.
2:05 PM - BPCL has resistance at Rs 410 and support at Rs 280, says Salil Sharma of Kapoor & Sharma Company, on CNBC Awaaz. The stock is currently trading at Rs 310, down 1.83% on the BSE.
1:59 PM - Glenmark Pharma can go up to Rs 335-340, where an exit from the counter is possible, says Rajesh Jain of SMC Global, on Zee Business. The stock is currently trading at Rs 308, up 1.3% on the BSE.
1:52 PM - Look at buying IDFC close to Rs 62-59 for a target of Rs 80, says Neera Jain, technical analyst, on CNBC Awaaz. Keep a stoploss of Rs 50, she suggests. The stock is currently trading at Rs 67.45, up 6.2% on the BSE.
1:45 PM - Continue to hold Piramal Life Sciences for now, says Rajesh Jain of SMC Global, on Zee Business.There's uncertainity in the market, but going forward, the stock will give an opportunity to exit on the upside, he explains. It is currently trading at Rs 67.05, down 5.4% on the BSE.
1:37 PM - Suzlon will remain volatile in the coming days, says says Rajesh Jain of SMC Global, on Zee Business. Look at selling the stock when the Nifty approaches its resistance of 3050-3100, he suggests. It is currently trading at Rs 68.65, up over 14% on the BSE.
1:30 PM - Sharekhan maintains a 'buy' rating on Andhra Bank with a target price of Rs 90, reports Zee Business. The stock is currently trading at Rs 49, down 0.10% on the BSE.
1:25 PM - HPCL has resistance at Rs 280-285 and support at Rs 240, says Salil Sharma of Kapoor & Sharma Company, on CNBC Awaaz. The stock is currently trading at Rs 305, up 0.13% on the BSE.
1:18 PM - PNB has resistance at Rs 535 and support at Rs 485, says Salil Sharma of Kapoor & Sharma Company, on CNBC Awaaz. The stock is currently trading at Rs 470, down 4.4% on the BSE.
1:10 PM - The market is trading up now. Sensex is at 9,849, up 114 points from the previous close. Nifty is at 2948, up 55 points. BSE Midcap and BSE Smallcap indexes are trading flattish. Oil & gas, power and FMCG stocks are seeing decent buying coming in, while there's slight selling pressure on consumer durables and bankng stocks.
1:07 PM - SBI has resistance at Rs 1,350 and support at Rs 1,180, says Salil Sharma of Kapoor & Sharma Company, on CNBC Awaaz. The stock is currently trading at Rs 1199, down 1.35% on the BSE.
12:58 PM - BoB has resistance at Rs 297-325 and support at Rs 250, says Salil Sharma of Kapoor & Sharma Company, on CNBC Awaaz. The stock is currently trading at Rs 278, up 0.96% on the BSE.
12:53 PM - Hold Ranbaxy as if it closes above Rs 200 on a monthly basis then it has a target of Rs 240-250, says Prabir Sarkar, technical analyst, on NDTV Profit. The stock is currently trading at Rs 212, down 1.66% on the BSE.
12:48 PM - Sell HUL and switch to Tata Steel or Hindustan Zinc which are likely to give better returns in the long term, says VK Sharma of Anagram Broking, on CNBC TV18. HUL is currently trading at Rs 247, up 0.96% on the BSE.
12:42 PM - Hold HCC, it has resistance at Rs 90 and support at Rs 40-30, says Prabir Sarkar, technical analyst, on NDTV Profit. The stock is currently trading at Rs 54, up 0.56% on the BSE.
12:38 PM - Pinc Research maintains a 'buy' rating on Godawari Power with a target price of Rs 130, reports CNBC Awaaz. The stock is currently trading at Rs 80, down 2.9% on the BSE.
12:30 PM - Hold Glemnark Pharma, it has resistance at Rs 400 and support at Rs 250, says Prabir Sarkar, technical analyst, on NDTV Profit. The stock is currently trading at Rs 305, up 0.13% on the BSE.
12:24 PM - One can buy GVK Power as it has a target of Rs 40 in 12 months, says Salil Sharma of Kapoor & Sharma Company, on CNBC Awaaz. In the medium term, the stock has a target of Rs 28-30, he adds. The stock is currently trading at Rs 17, up 0.35% on the BSE.
12:18 PM - Buy Reliance Industries on any dips in a staggered way, says Sharmila Joshi of Prabhudas Lilladher, on CNBC Awaaz. Other good stocks to accumulate at current levels for the long term are L&T, BHEL, SBI, BoI and Aban Offshore, she adds.
12:08 PM - Sell Tata Steel with a target of Rs 180, says Hemen Kapadia, technical analyst, on Zee Business. Maintain a stop loss of Rs 189, she adds. The stock is currently trading at Rs 179, down 3.54% on the BSE.
12:01 PM - The market is trading flat. Sensex is trading at 9750, up 16 points and Nifty is at 2913, up 22 points from the previous close. CNX Midcap index is down 0.41% and BSE Smallcap index is down 0.37%. The market breadth is negative with advances at 371 against declines of 781 on the NSE.
11:52 AM - Sell Bata with a target of Rs 72, says an expert from SMC Global on CNBC Awaaz. Maintain a stop loss of Rs 115, he adds. The stock is currently trading at Rs 97, down 4.29% on the BSE.
11:43 AM - Sell Welspun Gujarat with a target of Rs 110, says Hemen Kapadia, technical analyst, on Zee Business. Maintain a stop loss of Rs 119, she adds. The stock is currently trading at Rs 117, up 0.94% on the BSE.
11:35 AM - The market is likely to retest the October lows, says an expert from Newedge on CNBC TV18. The market is unlikely to see any year-end rally, he feels. The market is likely to grind lower until deleveraging is over, he says. Deleveraging is likely to be over by the first half of next year, he adds. The relief rally is over and US economic fundamentals are in a poor shape, he says.
11:27 AM - The worst is over for the Indian market and one can be bullish now, says Ashok Motiani, financial astrologer, on CNBC TV18. The market is likely to go higher now and Sensex could touch 15,000 by December end, he adds.
11:19 AM - EPS growth likely to remain negative across Asia next year, says Mark Mathews, chief Asia strategist for Merril Lynch, on NDTV Profit. We see a negative earnings growth for FY10, he says. There may be a limited correction in Indian equities next year and the market has already factored in slowdown in earnings, he adds. India's low dependence on exports is a positive trigger, he feels. ML sees FY10 EPS de-growth in excess of 20% and maintains an underperform rating for commodities, he says.
11:11 AM - The market is likely to retest October lows in the next two months, says SA Narayan of Kotak Securities, on CNBC TV18. The market is also likely to be extremely volatile but within a range, he feels. The investor is moving to safety and liquidity continues to be a concern, he adds.
11:04 AM - The market has turned slightly volatile but quiet. Sensex is trading at 9659, down 74 points and Nifty is at 2898, down 5 points from the previous close. CNX Midcap index is down 0.36% and BSE Smallcap index is down 0.34%. The market breadth is negative with advances at 406 against declines of 651 on the NSE.
10:53 AM - Sell ACC with a target of Rs 434, says an expert from Anand Rathi Securities on CNBC Awaaz. Maintain a stop loss of Rs 480, he adds. The stock is currently trading at Rs 470, up 1.33% on the BSE.
10:41 AM - Buy Ranbaxy with a target of Rs 240, says an expert from Anand Rathi Securities on Zee Business. Maintain a stop loss of Rs 205, he adds. The stock is currently trading at Rs 216, up 0.12% on the BSE.
10:34 AM - Sell Reliance Industries with a target of Rs 1120, says Simi Bhaumik, technical analyst, on Zee Business. Maintain a stop loss of Rs 1190, she adds. The stock is currently trading at Rs 1180, up 0.74% on the BSE.
10:28 AM - Buy Cipla with a target of Rs 210, says Ashwani Gujral, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 166, he adds. The stock is currently trading at Rs 188, up 2.87% on the BSE.
10:24 AM - Sell Bharati Airtel with a target of Rs 615, says Simi Bhaumik, technical analyst, on Zee Business. Maintain a stop loss of Rs 659, she adds. The stock is currently trading at Rs 645, up 0.91% on the BSE.
10:16 AM - Pinc Research maintains a 'buy' rating on Havells India with a target price of Rs 230, reports Zee Business. The stock is currently trading at Rs 172, up 1.89% on the BSE.
10:07 AM - The market opens flat. Sensex is trading at 9841, up 106 points and Nifty is at 2940, up 47 points from the previous close. CNX Midcap index is up 0.53% and BSE Smallcap index is up 0.06%. The market breadth is positive with advances at 285 against declines of 216 on the NSE.
10:00 AM - Sensex is expected to open weak, says Pankaj Pandey of ICICI Securities, on NDTV Profit. One can watch out for 9200 levels on the Sensex, he feels. Metal stocks should be avoided and there is a negative bias for all Reliance stocks, he adds.
9:54 AM - The market is likely to witness lower levels in the next few months, says Ambareesh Baliga of Karvy Stock Broking on CNBC-TV18. But for investors with a two to three year perspective, the frontline stocks are available at very good value and could be multi-baggers going forward, he adds.
9:47 AM - Sell NTPC with a target price of Rs 148, says an expert from Anand Rathi Securities on Zee Business. Maintain a stop loss of Rs 135, he adds. The stock closed yesterday at Rs 144, down 2.3% on the BSE.
9:41 AM - Efforts of global central banks has been positive for the markets in the near term, says David Fernandez of JP Morgan, on NDTV Profit. Global markets to remain under pressure in the medium term, he adds. Recent RBI moves in line with global central banks, he says.
ninad avasare
Doubling Stocks

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